Billionaire Investor Tepper Boosted Bets on China Before Stocks Rally
- Appaloosa boosts JD stake by 43%, Alibaba remains top holding
- China stocks, ETFs account for more than a third of portofolio
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Billionaire investor David Tepper ramped up his stake in China-related stocks and exchange-traded funds last quarter, just before the development of DeepSeek reignited a rally in the country’s shares.
The president and founder of Appaloosa Management LP, who made waves in September with a call to buy “everything” related to China, increased the firm’s holding of e-commerce company JD.com by roughly 43% in the fourth quarter, according to a filing released Monday.